From Crisis to Crisis
The article explores the elements that led Slovenia to face another major crisis within the Eurozone turmoil less than twenty years after its political separation from Yugoslavia. The analysis builds on a combined theoretical framework of the insights from dependency school and regulation theory. Th...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Association Recherche & Régulation
2018-12-01
|
| Series: | Revue de la Régulation |
| Subjects: | |
| Online Access: | https://journals.openedition.org/regulation/13378 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832577873156767744 |
|---|---|
| author | Ana Podvršič Lukas Schmidt |
| author_facet | Ana Podvršič Lukas Schmidt |
| author_sort | Ana Podvršič |
| collection | DOAJ |
| description | The article explores the elements that led Slovenia to face another major crisis within the Eurozone turmoil less than twenty years after its political separation from Yugoslavia. The analysis builds on a combined theoretical framework of the insights from dependency school and regulation theory. The outbreak of the 1980s Yugoslav crisis and the IMF’s involvement into the domestic policy-making revealed that Slovenian post-war industrialization was dependent on imports and foreign credits. The Washington Consensus structural adjustments eased a shift in the post-war development pattern and deepened dependent integration in the European structures. During the 1990s, a labour-inclusive accumulation regime stabilized the pattern of export-led industrialization, a smaller reliance on FDI and a state-managerial control of domestic production. After 2000, however, the availability of cheap credits on the European markets, an accelerated transfer of state polices on the European level and the weakening of labour bargaining power created conditions for a dependent financialization of the Slovenian economy. |
| format | Article |
| id | doaj-art-17568100f9a94dec871f17f78a9b63d0 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2018-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-17568100f9a94dec871f17f78a9b63d02025-01-30T14:27:01ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962018-12-012410.4000/regulation.13378From Crisis to CrisisAna PodvršičLukas SchmidtThe article explores the elements that led Slovenia to face another major crisis within the Eurozone turmoil less than twenty years after its political separation from Yugoslavia. The analysis builds on a combined theoretical framework of the insights from dependency school and regulation theory. The outbreak of the 1980s Yugoslav crisis and the IMF’s involvement into the domestic policy-making revealed that Slovenian post-war industrialization was dependent on imports and foreign credits. The Washington Consensus structural adjustments eased a shift in the post-war development pattern and deepened dependent integration in the European structures. During the 1990s, a labour-inclusive accumulation regime stabilized the pattern of export-led industrialization, a smaller reliance on FDI and a state-managerial control of domestic production. After 2000, however, the availability of cheap credits on the European markets, an accelerated transfer of state polices on the European level and the weakening of labour bargaining power created conditions for a dependent financialization of the Slovenian economy.https://journals.openedition.org/regulation/13378financializationSloveniadependent developmentpost-socialist peripheryEuropean Union |
| spellingShingle | Ana Podvršič Lukas Schmidt From Crisis to Crisis Revue de la Régulation financialization Slovenia dependent development post-socialist periphery European Union |
| title | From Crisis to Crisis |
| title_full | From Crisis to Crisis |
| title_fullStr | From Crisis to Crisis |
| title_full_unstemmed | From Crisis to Crisis |
| title_short | From Crisis to Crisis |
| title_sort | from crisis to crisis |
| topic | financialization Slovenia dependent development post-socialist periphery European Union |
| url | https://journals.openedition.org/regulation/13378 |
| work_keys_str_mv | AT anapodvrsic fromcrisistocrisis AT lukasschmidt fromcrisistocrisis |